Kucoin news-Page 3
New $250M TONcoin Fund targets DEX and NFT tools on TON blockchain
The TON Foundation, an organization building on the Telegram-initiated blockchain project, The Open Network (TON), has chosen the TONcoin Fund as its official ecosystem fund. The TONcoin Fund announced on Monday the launch of an ecosystem fund focusing on supporting TON-based projects, securing an initial collective commitment of up to $250 million from major firms within the industry. The fund has earned the title of the TON Foundation’s official incubation partner, meaning that they will support the fund’s portfolio investments. The fund’s contributors included firms like Huobi Incubator, Kucoin Ventures, MEXC Pioneer Fund, 3Commas Capital, the blockchain startup Orbs, TON …
Adoption / April 11, 2022
Almost half of Germans to invest in crypto: Report
The richest country in Europe is coming round to crypto. That’s according to a report by KuCoin which shared some flattering statistics towards the future of crypto in Deutschland. Notably, 44% of Germans are “motivated to invest in cryptocurrencies to be a part of ‘the future of finance’”; while over a third, “37% of German crypto investors have been trading cryptocurrencies for over a year.” Cointelegraph had previously picked up on crypto’s impressive and productive year in Germany, but it’s crucial to check the sentiment toward crypto on the ground. Johnny Lyu, CEO of KuCoin–the company publishing the report–explained to …
Adoption / March 24, 2022
From lines of code at a laptop to international crypto exchange: a story behind KuCoin
Behind the KuCoin creation, there are two tech geeks who were early blockchain adopters. Having started coding at the age of 8 and founded his first startup at 16, in 2012, Michael heard about Bitcoin (BTC) from his boss Eric at a private equity investment firm IDG Capital, and immediately began mining. While he tried to sell some Bitcoin on the Mt.Gox exchange, which was the world's largest trading platform at the time, he discovered how difficult it was for beginners to navigate. By the end of 2013, realizing the potential of crypto, Michael and Eric wrote the first code …
Bitcoin / March 14, 2022
The future of work: Companies open offices in the metaverse
There’s been a sharp decline in interest for the “metaverse” keyword in Google search. However, while the hype may be waning, it seems that companies are still very keen on dipping their toes into the virtual world. In March alone, companies have either launched or revealed plans to build metaverse offices that would be used for online meetings with international clients, internal innovation hubs and enhancing social communication with users. While we may be witnessing its earlier versions, metaverse offices seem like a sneak peek into the future of work. With this, let’s take a look at some companies that …
Adoption / March 9, 2022
DeFi may turn to DAO governance to reduce regulatory risks in 2022: Report
KuCoin Labs, the investment and research arm of crypto exchange KuCoin, has released its annual report, predictin that decentralized finance (DeFi) will still be a significant trend in the crypto industry in 2022 and governance will be run through decentralized autonomous organizations (DAOs). With the DeFi ecosystem continuing to be plagued by criminal whales, the risks of financial loss within the sector are becoming more apparent. Because of this, calls to regulate decentralized finance began taking flight in 2021, and the sector has started to face enforcement actions over the past year. As regulators close in on DeFi, KuCoin Labs …
Decentralization / Feb. 18, 2022
The biggest crypto heists of all time
How to avoid cryptocurrency scams? One of the best ways to protect your crypto investment is to secure a wallet and do your own research about the projects in the market. Don't believe everything you're told. Instead, examine any claims made about investment, especially if they appear too good to be true or promise huge returns in a short period. Also, do not trust anyone who contacts you personally, whether a government official, a public personality, or a stranger, and asks for Bitcoin payments or offers you an "investment opportunity." Whenever possible, enable two-factor authentication on your cryptocurrency wallet and …
Business / Jan. 28, 2022
DAO adopts Web 3.0 technology to democratize climate change mitigation initiatives
There's no denying the fact that global warming jeopardizes humanity’s present and future. There have been numerous initiatives to stem its progress worldwide, including 26 Conferences of Parties (COP) meetings since the Rio Earth Summit of 1992. So far, two features have characterized those major initiatives and agreements like that. First, there's been an overreliance on the politicians and big businesses to drive the agenda. Secondly, the meetings have tended to over promise action but underdeliver on the implementation front. The result? A significant global population feels excluded from deliberations on such an important matter. Additionally, the sustainability push has …
Blockchain / Dec. 20, 2021
KuCoin launches virtual office in the Bloktopia metaverse
Crypto exchange KuCoin has announced it will be opening a virtual office inside the skyscraper from the decentralized metaverse Bloktopia. In a Nov. 2 announcement, KuCoin said it would be joining the metaverse by launching an office inside Bloktopia’s platform, designed as a skyscraper. The virtual building has 21 different levels in recognition of the total supply of 21 million Bitcoin (BTC) and is expected to house other content creators including Polygon and Avalanche. According to the exchange, the meta office will allow users to decorate cyberpunks, interact with virtual furnishings, as well as chat and speak to each other …
Business / Nov. 3, 2021
Three reasons why the price of Elrond (EGLD) is hitting new daily highs
Decentralized finance-focused protocols are seeing a sustained upward move, and the momentum appears to be picking up pace now that the NFT sector has cooled off over the past two weeks. Since the beginning of August, Elrond (EGLD) — a scalable and secure blockchain platform designed for distributed apps and enterprise-level businesses — has been in a strong rally. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $52.00 on June 22, the price of EGLD has charged 437% higher to a new all-time high of $302.14 on Sept. 14. Three reasons for EGLD's surge …
Nft / Sept. 15, 2021
KuCoin encourages greener crypto mining with proof-of-work pool
Seychelles-based crypto exchange KuCoin is launching a mining pool aimed at providing revenue to proof-of-work miners after integrating their rigs. In a Wednesday announcement, the exchange said its KuCoin Pool product would allow miners around the world to contribute to the Bitcoin (BTC) and Bitcoin Cash (BCH) and share rewards. At the moment, miners are required to install and run the necessary hardware themselves to join the pool, but KuCoin said it would introduce mining in the cloud in the future. KuCoin CEO Johnny Lyu also claimed the pool would be encouraging miners to participate in environmentally-friendly solutions — people …
Business / Aug. 25, 2021
After launching DApp to rival WhatsApp, blockchain wants to take on Instagram
A blockchain project says it strives to make this technology accessible and safe for everyone, all while offering military-grade encryption to ensure user data is private and secure. The Jupiter Project says its encryption capabilities are the underpinning for secure DApps that boast an array of innovative features — including decentralized voting, file sharing, DEX, asset creation, NFT markets, the creation of new cryptocurrencies, and cross-border payments. It is already being traded across a number of exchanges too, including KuCoin, Uniswap and PancakeSwap. To this end, a multi-chain bridge has been established to ensure the native cryptocurrency can be moved …
Technology / July 29, 2021
Are KuCoin Shares overvalued after KCS price gains 100% in one month?
KuCoin (KCS) prices ticked up in the early Wednesday session on July 7, in part because of an ongoing market rally across the top exchange-based utility tokens. The 72nd-largest cryptocurrency peaked for the day at $14.847 before correcting lower on interim profit-taking sentiment. The move downside accompanied decent volumes, alerting that the sell-off momentum could continue across the European and the U.S. sessions. At the time of writing, the KCS/USDT exchange rate was approximately $14, up more than 100% on a month-to-date timeframe (MTD). Therefore, KuCoin's bearish correction appeared as an attempt to neutralize its overextended upside momentum. The cryptocurrency's …
Bitcoin Price / July 7, 2021